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Calgary · Single Family · under $875,000 · 5+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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1625 23 Avenue SW
ATTENTION BUILDERS / INVESTORS. MCG ZONED CORNER LOT THAT WILL ALLOW A 4 or 5 PLEX TO BE BUILT with amazing views of the Calgary downtown and across the street from a green space! Hold and rent the three legal separate rental units while you decide what to do long term with this amazing lot and the potential it holds* MAKE YOUR FIRST VISIT INSIDE THROUGH THE 3D TOUR* This property, sitting on a lot size of 4,693 SqFt, consists of 3 Legal Rental Units located right outside of downtown in the community of Bankview. The top unit is very bright, cozy and charming two bedroom legal suite. The middle unit has 9 foot ceilings, is painted white, has an open layout, and is also a very comfortable two bedroom legal suite. The two bedroom basement legal suite is a full walk-out-to-grade which means each unit has its own separate entrance. Each legal suite includes many windows for natural lighting. These units have been generating revenue for 45+ years! All three units use the washer and dryer located right inside the basement front door. Once again visit the 3D tour to make your first visit, and then book your in person viewing! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Other | 16.67 Ft x 12.50 Ft | |
| Living room | 20.17 Ft x 19.25 Ft | |
| Bedroom | 7.75 Ft x 10.17 Ft | |
| Bedroom | 8.00 Ft x 10.17 Ft | |
| Laundry room | 7.58 Ft x 4.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 15.00 Ft x 10.92 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Other | 17.42 Ft x 9.67 Ft | |
| Living room | 9.83 Ft x 17.00 Ft | |
| Bedroom | 11.83 Ft x 10.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 17.67 Ft x 21.58 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Kitchen | 9.83 Ft x 12.50 Ft | |
| Bedroom | 6.50 Ft x 12.17 Ft | |
| Bedroom | 11.08 Ft x 15.50 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.96%
Cap rate
4.67%
GRM
13.9
Break-even rent
$4,935
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 11, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
4.1 km away
8.5 km away
9.7 km away
12.1 km away
13.3 km away
Elementary
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
8.1 km away
8.2 km away
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
9.6 km away
Halal grocery
Amir Halal Meats & Grocery
8.2 km away
Shaheen Grocery, Bakery & Halal Meat
12.6 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.